Best HYSA in Texas (2026)
HYSA APYs are set at the national level — Texas residents get the same top options as everyone else: Pibank Savings 4.25%, EverBank Performance Savings 4.20%, BrioDirect High-Yield 3.75%, Varo Bank 3.75%, Wealthfront Cash Account 3.55%. What differs is after-tax yield: Texas has no broad state individual income tax in this comparison, so a 4.25% APY nets ~3.23% under the stated federal assumption.
| Gross APY | Federal only (24%) | Combined (fed + TX) | On $20,000 |
|---|---|---|---|
| 5.50% | 4.18% | 4.18% | $836/yr |
| 5.00% | 3.80% | 3.80% | $760/yr |
| 4.50% | 3.42% | 3.42% | $684/yr |
| 4.00% | 3.04% | 3.04% | $608/yr |
| 3.50% | 2.66% | 2.66% | $532/yr |
Illustrative 24% federal marginal bracket; actual tax depends on filing status, bracket, deductions, state rules and account. Verify current guidance before acting.
How Texas ranks for savers
Texas is one of 5 states in our coverage with no broad state individual income tax in this comparison — the model uses the federal-after-tax yield under the stated assumptions. On a $50,000 emergency fund at 4.25% APY, the model shows $0 in broad state income tax, while the same balance in California loses about $283 a year to state tax alone. If you ever relocate to a taxed state, the same account instantly yields less — nothing about the bank changes, only your residency.
The honest answer about "state-specific" HYSA rates
HYSA APY is set by each bank at the national level; there is no state-by-state pricing. A savings account marketed to Texas residents will pay the same APY as one marketed in any other state. The only meaningful state-level variables are:
- State income tax on interest. Texas has no broad state individual income tax in this comparison; verify current state guidance.
- Local credit unions. Small statewide credit unions occasionally run promotional first-tier APYs above the national online-HYSA average. Rarely competitive above $10K.
- Branch availability. Non-issue for online HYSAs but matters if you want in-person deposits.
Full HYSA ranking (national, 2026)
For the full comparison of top HYSA rates available to Texas residents, see our national HYSA rate landscape. For projecting how much a specific balance will earn, use our HYSA calculator.
Other Texas finance pages
- CD calculator — locked-in-term alternative to HYSA
- Emergency fund calculator — how much to keep liquid
- APY calculator — nominal-to-effective yield conversion